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Congressional District 3

  1. Benton
  2. Boone
  3. Carroll
  4. Crawford
  5. Franklin
  6. Johnson
  7. Madison
  8. Marion
  9. Newton
  10. Pope
  11. Sebastian
  12. Washington

 

 

REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2007:   July 1, 2006 – June 30, 2007

1st Half of FY2007 = July 1, 2006 – December 31, 2006

2nd Half of FY2007 = January 1, 2007 – June 30, 2007

 

HOMEOWNERSHIP

Home-to-Own (H2O)

General Statistics

 

Time Period

No. Loans

 

Dollar Amount

 

Mean Loan Amount

 

Median Loan Amount

07/2006 – 12/2006

258

$23,301,906.00

$90,317.47

$88,100.00

01/2007 – 06/2007

267

$23,770,548.00

$89,028.27

$73,600.00

Total FY2007

525

$47,072,454.00

$89,661.82

$80,850.00

 

Loan Cancellation Rate – Total FY2007:

18.4%

 

Loans by Originator / Branch

 

 

7/1/06 - 12/31/06

1/1/07 - 6/30/07

TOTAL FY 2007

ORIGINATOR / BRANCH

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Arvest Mortgage Company, Lowell, AR

 

Benton

16

$1,895,880.00

18

$2,135,350.00

34

$4,031,230.00

Crawford

9

$799,439.00

7

$532,100.00

16

$1,331,539.00

Johnson

0

$0.00

1

$72,699.00

1

$72,699.00

Madison

2

$165,450.00

0

$0.00

2

$165,450.00

Pope

2

$193,596.00

14

$1,277,609.00

16

$1,471,205.00

Sebastian

17

$1,407,625.00

13

$940,199.00

30

$2,347,824.00

Washington

9

$974,310.00

8

$909,400.00

17

$1,883,710.00

Subtotal

55

$5,436,300.00

61

$5,867,357.00

116

$11,303,657.00

BancorpSouth, Fort Smith, AR

 

Crawford

3

$215,582.00

2

$132,833.00

5

$348,415.00

Franklin

0

$0.00

1

$65,467.00

1

$65,467.00

Sebastian

8

$666,267.00

7

$532,019.00

15

$1,198,286.00

Subtotal

11

$881,849.00

10

$730,319.00

21

$1,612,168.00

Bank of Dardanelle, Russellville, AR

Pope

3

$235,365.00

0

$0.00

3

$235,365.00

Bank of the Ozarks, Little Rock, AR

 

Benton

1

$124,939.00

1

$109,000.00

2

$233,939.00

Johnson

0

$0.00

1

$61,200.00

1

$61,200.00

Pope

2

$200,106.00

0

$0.00

2

$200,106.00

Subtotal

3

$325,045.00

2

$170,200.00

5

$495,245.00

Benefit Bank, Fort Smith, AR

 

Benton

1

$133,827.00

0

$0.00

1

$133,827.00

Crawford

15

$1,420,211.00

22

$1,967,614.00

37

$3,387,825.00

Sebastian

45

$3,755,745.00

55

$4,959,890.00

100

$8,715,635.00

Subtotal

61

$5,309,783.00

77

$6,927,504.00

138

$12,237,287.00

Citizens Bank and Trust, Fort Smith, AR

Sebastian

1

$121,495.00

0

$0.00

1

$121,495.00

Citizens Bank and Trust, Van Buren, AR

 

Crawford

2

$142,754.00

2

$174,470.00

4

$317,224.00

Sebastian

1

$105,000.00

0

$0.00

1

$105,000.00

Subtotal

3

$247,754.00

2

$174,470.00

5

$422,224.00

Community First Bank, Arkadelphia, AR

Carroll

1

$67,100.00

2

$168,500.00

3

$235,600.00

Community First Bank, Harrison, AR

 

Boone

21

$1,828,180.00

22

$2,078,106.00

43

$3,906,286.00

Marion

1

$68,340.00

0

$0.00

1

$68,340.00

Newton

2

$200,000.00

2

$163,700.00

4

$363,700.00

Subtotal

24

$2,096,520.00

24

$2,241,806.00

48

$4,338,326.00

Community First Bank, Pea Ridge, AR

 

Benton

4

$422,600.00

0

$0.00

4

$422,600.00

Crawford

1

$130,000.00

0

$0.00

1

$130,000.00

Subtotal

5

$552,600.00

0

$0.00

5

$552,600.00

First Arkansas Valley Bank, Russellville, AR

 

Benton

0

$0.00

1

$159,398.00

1

$159,398.00

Crawford

1

$69,300.00

1

$66,949.00

2

$136,249.00

Johnson

0

$0.00

2

$117,950.00

2

$117,950.00

Pope

17

$1,406,720.00

8

$659,708.00

25

$2,066,428.00

Subtotal

18

$1,476,020.00

12

$1,004,005.00

30

$2,480,025.00

First Arkansas Western Mortgage, Inc., Fort Smith, AR

Crawford

2

$141,250.00

0

$0.00

2

$141,250.00

Sebastian

6

$481,140.00

3

$229,825.00

9

$710,965.00

Subtotal

8

$622,390.00

3

$229,825.00

11

$852,215.00

First Financial Bank, Fort Smith, AR

 

Crawford

1

$88,200.00

3

$235,900.00

4

$324,100.00

Sebastian

1

$53,500.00

3

$188,250.00

4

$241,750.00

Subtotal

2

$141,700.00

6

$424,150.00

8

$565,850.00

First Security Bank, Conway, AR

Sebastian

0

$0.00

1

$95,716.00

1

$95,716.00

First Western Mortgage, Inc., Booneville, AR

Benton

1

$61,000.00

0

$0.00

1

$61,000.00

First Western Mortgage, Inc., Rogers, AR

Benton

1

$94,500.00

0

$0.00

1

$94,500.00

Global Mortgage, Inc., Benton, AR

Benton

0

$0.00

1

$75,480.00

1

$75,480.00

Liberty Bank of Arkansas, Russellville, AR

 

Johnson

0

$0.00

1

$90,000.00

1

$90,000.00

Pope

0

$0.00

12

$976,156.00

12

$976,156.00

Subtotal

0

$0.00

13

$1,141,636.00

13

$1,141,636.00

Liberty Bank of Arkansas, Springdale, AR

 

Benton

1

$117,500.00

2

$180,959.00

3

$298,459.00

Boone

1

$76,522.00

0

$0.00

1

$76,522.00

Subtotal

2

$194,022.00

2

$180,959.00

4

$374,981.00

Moore Mortgage, Little Rock, AR

 

Benton

1

$98,719.00

4

$438,910.00

5

$537,629.00

Madison

0

$0.00

1

$104,961.00

1

$104,961.00

Washington

0

$0.00

2

$199,124.00

2

$199,124.00

Subtotal

1

$98,719.00

7

$742,995.00

8

$841,714.00

Priority Bank, Ozark, AR

 

Franklin

13

$1,015,325.00

8

$551,934.00

21

$1,567,259.00

Johnson

4

$242,712.00

8

$565,006.00

12

$807,718.00

Subtotal

17

$1,258,037.00

16

$1,116,940.00

33

$2,374,977.00

Pulaski Mortgage Company, Bentonville, AR

Benton

3

$372,100.00

0

$0.00

3

$372,100.00

Pulaski Mortgage Company, Fayetteville, AR

Washington

1

$93,439.00

0

$0.00

1

$93,439.00

Pulaski Mortgage Company, Russellville, AR

Pope

1

$68,411.00

2

$175,205.00

3

$243,616.00

Regions Mortgage, Inc., Little Rock, AR

 

Benton

1

$116,000.00

0

$0.00

1

$116,000.00

Crawford

1

$68,918.00

1

$89,850.00

2

$158,768.00

Subtotal

2

$184,918.00

1

$89,850.00

3

$274,768.00

River Town Bank, Russellville, AR

 

Johnson

0

$0.00

1

$78,000.00

1

$78,000.00

Pope

0

$0.00

3

$170,800.00

3

$170,800.00

Subtotal

0

$0.00

4

$248,800.00

4

$248,800.00

Simmons First Bank, Russellville, AR

 

Franklin

1

$71,400.00

0

$0.00

1

$71,400.00

Pope

6

$539,100.00

6

$501,600.00

12

$1,040,700.00

Subtotal

7

$610,500.00

6

$501,600.00

13

$1,112,100.00

Simmons First Mortgage of Little Rock, Fort Smith, AR

 

Crawford

5

$445,657.00

4

$320,766.00

9

$766,423.00

Franklin

1

$42,630.00

3

$232,435.00

4

$275,065.00

Sebastian

3

$222,243.00

2

$239,539.00

5

$461,782.00

Subtotal

9

$710,530.00

9

$792,740.00

18

$1,503,270.00

Simmons First Mortgage of Little Rock, Rogers, AR

 

Benton

9

$1,050,086.00

2

$224,742.00

11

$1,274,828.00

Madison

0

$0.00

1

$90,584.00

1

$90,584.00

Washington

3

$347,720.00

2

$217,328.00

5

$565,048.00

Subtotal

12

$1,397,806.00

5

$532,654.00

17

$1,930,460.00

Simmons First Mortgage of Little Rock, Siloam Springs, AR

Benton

4

$384,575.00

0

$0.00

4

$384,575.00

United Bank of Springdale, Benton, AR

Benton

0

$0.00

1

$137,837.00

1

$137,837.00

Valley Bank, Springdale, AR

 

Benton

1

$134,883.00

0

$0.00

1

$134,883.00

Washington

1

$124,545.00

0

$0.00

1

$124,545.00

Subtotal

2

$259,428.00

0

$0.00

2

$259,428.00

 

Loans by New / Existing

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY 2007

EXISTING OR NEW

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

 

Benton

 

32

$3,468,326.00

24

$2,575,593.00

56

$6,130,409

Boone

 

19

$1,536,702.00

19

$1,678,006.00

38

$3,214,708.00

Carroll

 

1

$67,100.00

2

$168,500.00

3

$235,600.00

Crawford

 

33

$2,735,933.00

33

$2,474,577.00

66

$5,210,510.00

Franklin

 

12

$885,925.00

11

$752,036.00

23

$1,637,961.00

Johnson

 

4

$242,712.00

14

$984,855.00

18

$1,227,567.00

Madison

 

2

$165,450.00

2

$195,545.00

4

$360,995.00

Marion

1

$68,340.00

0

$0.00

1

$68,340.00

Newton

 

0

$0.00

1

$51,500.00

1

$51,500.00

Pope

 

30

$2,549,305.00

44

$3,648,713.00

74

$6,198,018.00

Sebastian

 

56

$4,238,730.00

60

$4,509,101.00

116

$8,747,831.00

Washington

 

13

$1,442,014.00

11

$1,222,967.00

24

$2,664,981.00

Subtotal

203

$17,400,537.00

221

$18,347,883.00

424

$35,748,420.00

New

 

Benton

12

$1,538,283.00

6

$875,073.00

18

$2,413,356.00

Boone

3

$368,000.00

3

$400,100.00

6

$768,100.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

7

$785,378.00

9

$1,045,905.00

16

$1,831,283.00

Franklin

3

$243,430.00

1

$97,800.00

4

$341,230.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

Newton

2

$200,000.00

1

$112,200.00

3

$312,200.00

Pope

1

$93,993.00

1

$112,365.00

2

$206,358.00

Sebastian

26

$2,574,285.00

24

$2,676,337.00

50

$5,250,622.00

Washington

1

$98,000.00

1

$102,885.00

2

$200,885.00

Subtotal

55

$5,901,369.00

46

$5,422,665.00

101

$11,324,034.00

 

Loans by Loan Type

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY 2007

LOAN TYPE

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Conventional

 

Benton

14

$1,706,950.00

14

$1,770,750.00

29

$3,477,700.00

Boone

2

$175,000.00

7

$547,270.00

9

$722,270.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

3

$199,300.00

1

$89,850.00

4

$289,150.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

1

$101,000.00

0

$0.00

1

$101,000.00

Marion

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

1

$51,500.00

1

$51,500.00

Pope

2

$149,993.00

2

$125,894.00

4

$275,887.00

Sebastian

0

$0.00

7

$512,320.00

7

$512,320.00

Washington

6

$545,800.00

8

$909,400.00

14

$1,455,200.00

Subtotal

28

$2,878,043.00

40

$4,006,984.00

68

$6,885,027.00

FHA

 

Benton

14

$1,463,942.00

9

$1,117,943.00

23

$2,581,885.00

Boone

0

$0.00

0

$0.00

0

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

20

$1,626,096.00

22

$1,640,197.00

42

$3,266,293.00

Franklin

1

$42,630.00

4

$255,166.00

5

$297,796.00

Johnson

1

$50,212.00

3

$241,006.00

4

$291,218.00

Madison

1

$64,450.00

2

$195,545.00

3

$259,995.00

Marion

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Pope

6

$559,169.00

5

$501,996.00

11

$1,061,165.00

Sebastian

71

$5,623,546.00

64

$5,345,725.00

135

$10,969,271.00

Washington

7

$841,154.00

4

$416,452.00

11

$1,257,606.00

Subtotal

121

$10,271,199.00

113

$9,714,030.00

234

$19,985,229.00

Rural Dev.

 

Benton

16

$1,835,717.00

4

$379,339.00

20

$2,215,056.00

Boone

20

$1,729,702.00

15

$1,530,836.00

35

$3,260,538.00

Carroll

1

$67,100.00

2

$168,500.00

3

$235,600.00

Crawford

16

$1,556,015.00

19

$1,790,435.00

35

$3,346,450.00

Franklin

14

$1,086,725.00

8

$594,670.00

22

$1,681,395.00

Johnson

3

$192,500.00

11

$743,849.00

14

$936,349.00

Madison

0

$0.00

0

$0.00

0

$0.00

Marion

1

$68,340.00

0

$0.00

1

$68,340.00

Newton

2

$200,000.00

1

$112,200.00

3

$312,200.00

Pope

21

$1,695,105.00

37

$3,020,823.00

58

$4,715,928.00

Sebastian

10

$1,096,002.00

11

$1,136,986.00

21

$2,232,988.00

Washington

1

$153,060.00

0

$0.00

1

$153,060.00

Subtotal

105

$9,680,266.00

108

$9,477,638.00

213

$19,157,904.00

Unknown

 

Benton

0

$0.00

2

$177,774.00

2

$280,068.00

Boone

0

$0.00

0

$0.00

0

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

1

$139,900.00

0

$0.00

1

$139,900.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

Marion

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

1

$139,900.00

2

$177,774.00

3

$317,674.00

VA

 

Benton

0

$0.00

1

$91,350.00

1

$91,350.00

Boone

0

$0.00

0

$0.00

0

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

0

$0.00

0

$0.00

0

$0.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

Marion

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Pope

2

$239,031.00

1

$112,365.00

3

$351,396.00

Sebastian

1

$93,467.00

2

$190,407.00

3

$283,874.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

3

$332,498.00

4

$394,122.00

7

$726,620.00

 

Borrowers’ Profile

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

 

Benton

10

$1,325,810.00

5

$528,400.00

15

$1,854,210.00

Boone

0

$0.00

0

$0.00

0

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

5

$479,267.00

3

$205,039.00

8

$684,306.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

1

$80,700.00

1

$80,700.00

Madison

0

$0.00

0

$0.00

0

$0.00

Marion

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Pope

7

$675,254.00

4

$350,635.00

11

$1,025,889.00

Sebastian

14

$1,121,212.00

23

$2,107,790.00

37

$3,229,002.00

Washington

3

$343,645.00

1

$84,000.00

4

$427,645.00

Subtotal

39

$3,945,188.00

37

$3,356,564.00

76

$7,301,752.00

Non-Minority

 

Benton

33

$3,543,199.00

25

$3,008,756.00

58

$6,551,955.00

Boone

22

$1,904,702.00

22

$2,078,106.00

44

$3,982,808.00

Carroll

1

$67,100.00

2

$168,500.00

3

$235,600.00

Crawford

35

$3,042,044.00

39

$3,315,443.00

74

$6,357,487.00

Franklin

15

$1,129,355.00

12

$849,836.00

27

$1,979,191.00

Johnson

4

$242,712.00

13

$904,155.00

17

$1,146,867.00

Madison

2

$165,450.00

2

$195,545.00

4

$360,995.00

Marion

1

$68,340.00

0

$0.00

1

$68,340.00

Newton

2

$200,000.00

2

$163,700.00

4

$363,700.00

Pope

24

$1,968,044.00

41

$3,410,443.00

65

$5,378,487.00

Sebastian

68

$5,691,803.00

61

$5,077,648.00

129

$10,769,451.00

Washington

11

$1,196,369.00

11

$1,241,852.00

22

$2,438,221.00

Subtotal

218

$19,219,118.00

230

$20,413,984.00

448

$39,633.102.00

Unknown

 

Benton

1

$137,600.00

0

$0.00

1

$137,600.00

Boone

0

$0.00

0

$0.00

0

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

Crawford

0

$0.00

0

$0.00

0

$0.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

Marion

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

1

$137,600.00

0

$0.00

1

$137,600.00

 

 

 

7/1/2006-12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

COUNTY

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN  INCOME

MEDIAN INCOME

Minority

Benton

$37,530.10

$36,169.62

$32,977.01

$35,565.96

$35,253.56

$35,867.79

Boone

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Carroll

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Crawford

$37,694.45

$33,807.96

$21,827.12

$22,092.00

$29,760.79

$27,949.98

Franklin

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Johnson

$0.00

$0.00

$21,519.00

$21,519.00

$21,519.24

$21,519.24

Madison

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Marion

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Newton

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Pope

$29,926.37

$30,947.28

$41,360.40

$42,408.00

$35,643.39

$36,677.64

Sebastian

$26,732.03

$25,362.00

$34,962.18

$35,424.72

$30,847.11

$30,393.36

Washington

$42,596.40

$52,315.32

$24,210.72

$24,210.72

$33,403.56

$38,263.02

Average

$34,895.87

$35,720.44

$29,476.07

$30,203.40

$31,071.28

$31,778.51

Non-Minority

 

Benton

$39,391.12

$42,672.00

$35,150.76

$31,020.00

$37,270.94

$36,846.00

Boone

$37,881.83

$38,107.80

$40,348.08

$41,995.32

$39,114.96

$40,051.56

Carroll

$31,212.00

$31,212.00

$46,573.50

$46,573.50

$38,892.75

$38,892.75

Crawford

$40,836.62

$44,490.12

$38,368.37

$36,306.60

$39,602.50

$38,352.48

Franklin

$31,484.61

$26,091.12

$36,564.30

$36,815.04

$34,024.46

$31,453.08

Johnson

$25,242.87

$27,014.94

$27,988.88

$26,964.00

$26,615.88

$26,989.47

Madison

$48,457.50

$48,457.50

$34,508.80

$34,508.80

$41,483.15

$41,483.15

Marion

$35,633.04

$35,633.04

$0.00

$0.00

$35,633.04

$35,633.04

Newton

$38,438.70

$38,438.70

$45,684.90

$45,684.90

$42,061.80

$42,061.80

Pope

$33,634.22

$34,162.68

$34,703.34

$33,089.28

$34,168.78

$33,625.98

Sebastian

$35,219.18

$36,313.64

$35,944.87

$36,365.76

$35,582.03

$36,339.70

Washington

$34,867.04

$34,008.00

$40,535.85

$46,915.44

$37,701.45

$40,461.72

Average

$36,024.89

$36,383.46

$37,851.97

$37,839.88

$36,845.98

$36,849.23

Unknown

 

Benton

$35,238.84

$35,238.84

$0.00

$0.00

$35,238.84

$35,238.84

Boone

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Carroll

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Crawford

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Franklin

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Johnson

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Madison

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Marion

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Newton

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Pope

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Sebastian

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Washington

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Average

$35,238.84

$35,238.84

$0.00

$0.00

$35,238.84

$35,238.84

 

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Gender of Head of Household

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

 

Benton

11

4.3%

13

4.9%

24

4.6%

Boone

8

3.1%

7

2.6%

15

2.9%

Carroll

1

0.4%

0

0.0%

1

0.2%

Crawford

11

4.3%

9

3.4%

20

3.8%

Franklin

5

1.9%

3

1.1%

8

1.5%

Johnson

1

0.4%

3

1.1%

4

0.8%

Madison

0

0.0%

1

0.4%

1

0.2%

Marion

1

0.4%

0

0.0%

1

0.2%

Newton

0

0.0%

2

0.7%

2

0.4%

Pope

10

3.9%

9

3.4%

19

3.6%

Sebastian

36

14.0%

29

10.9%

65

12.4%

Washington

6

2.3%

2

0.7%

8

1.5%

Subtotal

90

34.9%

78

29.2%

168

32.0%

Male

 

Benton

33

12.8%

17

6.4%

50

9.5%

Boone

14

5.4%

15

5.6%

29

5.5%

Carroll

0

0.0%

2

0.7%

2

0.4%

Crawford

29

11.2%

33

12.4%

62

11.8%

Franklin

7

2.7%

9

3.4%

16

3.0%

Johnson

3

1.2%

11

4.1%

14

2.7%

Madison

2

0.8%

1

0.4%

3

0.6%

Marion

0

0.0%

0

0.0%

0

0.0%

Newton

2

0.8%

0

0.0%

2

0.4%

Pope

20

7.8%

35

13.1%

55

10.5%

Sebastian

43

16.7%

52

19.5%

95

18.1%

Washington

8

3.1%

10

3.7%

18

3.4%

Subtotal

161

62.4%

185

69.3%

346

65.9%

Unknown

 

Franklin

3

1.2%

0

0.0%

3

0.6%

Pope

1

0.4%

1

0.4%

2

0.4%

Sebastian

3

1.2%

3

1.1%

6

1.1%

Subtotal

7

2.7%

4

1.5%

11

2.1%

 

County

7/2006 - 12/2006 Average Age

1/2007 - 6/2007 Average Age

FY2007 TOTAL Average Age

Benton

31.8

29.3

30.6

Boone

29.0

27.8

28.4

Carroll

34.0

30.5

32.3

Crawford

29.7

32.5

31.1

Franklin

28.6

33.3

31.0

Johnson

25.0

30.9

28.0

Madison

24.0

41.0

32.5

Marion

20.0

0.0

20.0

Newton

27.5

22.5

25.0

Pope

23.0

0.0

23.0

Sebastian

30.7

32.6

31.7

Washington

31.7

34.1

32.9

CD 3 Average Age

27.9

28.6

28.9

 

County

7/2006 - 12/2006 Average House Size

1/2007 - 6/2007 Average House Size

FY2007                Average House Size

Benton

2.4

2.6

2.5

Boone

2.3

2.8

2.6

Carroll

3.0

3.0

3.0

Crawford

2.1

2.5

2.3

Johnson

2.8

2.1

2.5

Madison

3.0

1.0

2.0

Marion

2.0

0.0

2.0

Newton

2.5

4.0

3.3

Sebastian

2.5

2.7

2.6

Washington

2.4

2.3

2.4

CD 3 Average House Size

2.5

2.6

2.5

Down Payment Assistance Program (DPA)

General Statistics

 

Time Period

No. Loans

 

Dollar Amount

 

Mean Loan Amount

 

% of H2O Loans

07/2006 – 12/2006

82

$273,553.50

$3,336.02

31.7%

01/2007 – 06/2007

87

$359,683.85

$4,134.30

32.6%

Total FY2007

169

$633,237.35

$3,746.97

32.2%

 

Loan Cancellation -  Total FY2007:

25.2%

 

Loans by Homebuyer Counselor

 

 

7/1/06 - 12/31/06

1/1/07 - 6/30/07

TOTAL FY 2007

HOMEBUYER COUNSELOR

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

ARVAC, Inc.

Pope

1

$6,000.00

2

$9,068.00

3

$15,068.00

Community Resources Tech

Pope

1

$1,824.00

0

$0.00

1

$1,824.00

Crawford Sebastian CDC

 

Crawford

19

$56,301.00

20

$82,466.76

39

$138,767.76

Sebastian

28

$92,642.50

34

$131,299.00

62

$223,941.50

Subtotal

47

$148,943.50

54

$213,765.76

101

$362,709.26

Credit Counseling of Arkansas

Benton

2

$2,300.00

5

$25,567.00

7

$27,867.00

Washington

0

$0.00

2

$9,420.00

2

$9,420.00

Subtotal

2

$2,300.00

7

$34,987.00

9

$37,287.00

EOA of Washington County

 

Benton

13

$48,487.00

7

$26,018.09

20

$74,505.09

Madison

2

$7,550.00

0

$0.00

2

$7,550.00

Washington

8

$32,119.00

5

$21,050.00

13

$53,169.00

Subtotal

23

$88,156.00

12

$47,068.09

35

$135,224.09

Universal Housing Development

 

Franklin

0

$0.00

2

$8,800.00

2

$8,800.00

Johnson

1

$2,300.00

4

$14,500.00

5

$16,800.00

Pope

7

$24,030.00

4

$21,675.00

11

$45,705.00

Subtotal

8

$26,330.00

10

$44,975.00

18

$71,305.00

Unknown

 

Franklin

0

$0.00

1

$5,000.00

1

$5,000.00

Pope

0

$0.00

1

$4,820.00

1

$4,820.00

Subtotal

0

$0.00

2

$9,820.00

2

$9,820.00

 

Loans by New / Existing

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY 2007

EXISTING OR NEW

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

 

Benton

11

$34,287.00

11

$45,585.09

22

$79,872.09

Crawford

19

$56,301.00

20

$82,466.76

39

$138,767.76

Franklin

0

$0.00

3

$13,800.00

3

$13,800.00

Johnson

1

$2,300.00

4

$14,500.00

5

$16,800.00

Madison

2

$7,550.00

0

$0.00

2

$7,550.00

Pope

9

$31,854.00

7

$35,563.00

16

$67,417.00

Sebastian

25

$83,242.50

26

$99,529.00

51

$182,771.50

Washington

8

$32,119.00

6

$26,900.00

14

$59,019.00

Subtotal

75

$247,653.50

77

$318,343.85

152

$565,997.35

New

 

Benton

4

$16,500.00

5

$6,000.00

5

$22,500.00

Crawford

0

$0.00

0

$0.00

0

$0.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

Sebastian

3

$9,400.00

8

$31,770.00

11

$41,170.00

Washington

0

$0.00

1

$3,570.00

1

$3,570.00

Subtotal

7

$25,900.00

10

$41,340.00

17

$67,240.00

 

Borrowers’ Profile 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

 

Benton

3

$6,300.00

2

$4,927.09

5

$11,227.09

Crawford

4

$11,035.00

0

$0.00

4

$11,035.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

Pope

1

$3,000.00

1

$6,000.00

2

$9,000.00

Sebastian

4

$14,275.00

7

$28,246.00

11

$42,521.00

Washington

2

$9,681.00

1

$3,300.00

3

$12,981.00

Subtotal

14

$44,291.00

11

$42,473.09

25

$86,764.09

Non-Minority

 

Benton

12

$44,487.00

10

$46,658.00

22

$91,145.00

Crawford

15

$45,266.00

20

$82,466.76

35

$127,732.76

Franklin

0

$0.00

3

$13,800.00

3

$13,800.00

Johnson

1

$2,300.00

4

$14,500.00

5

$16,800.00

Madison

2

$7,550.00

0

$0.00

2

$7,550.00

Pope

8

$28,854.00

6

$29,563.00

14

$58,417.00

Sebastian

24

$78,367.50

27

$103,053.00

51

$181,420.50

Washington

6

$22,438.00

6

$27,170.00

12

$49,608.00

Subtotal

68

$229,262.50

76

$317,210.76

144

$546,473.26

 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

COUNTY

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN  INCOME

MEDIAN INCOME

Minority

 

Benton

$37,310.80

$35,813.76

$28,536.06

$28,536.06

$32,923.43

$32,171.91

Crawford

$40,971.06

$40,560.72

$0.00

$0.00

$40,971.06

$40,560.72

Franklin

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Johnson

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Madison

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Pope

$30,947.28

$30,947.28

$49,800.00

$49,800.00

$40,373.64

$40,373.64

Sebastian

$32,437.38

$34,838.94

$43,969.10

$40,935.96

$38,202.24

$37,887.45

Washington

$54,783.66

$54,783.66

$24,210.72

$24,210.72

$39,497.17

$39,497.17

Average

$39,290.04

$39,388.84

$36,628.97

$35,870.69

$38,393.51

$38,098.18

Non-Minority

 

Benton

$43,360.69

$44,470.26

$40,568.29

$42,340.20

$41,964.49

$43,405.23

Crawford

$41,932.46

$45,217.68

$40,422.84

$37,050.00

$41,177.65

$41,133.84

Franklin

$0.00

$0.00

$36,065.76

$36,065.76

$36,065.76

$36,065.76

Johnson

$36,763.56

$36,763.56

$32,289.42

$28,009.14

$34,526.49

$32,386.35

Madison

$48,457.50

$48,457.50

$0.00

$0.00

$48,457.50

$48,457.50

Pope

$36,289.80

$34,626.18

$27,873.22

$23,539.62

$32,081.51

$29,082.90

Sebastian

$38,465.23

$38,432.40

$38,452.65

$30,620.00

$38,458.94

$34,526.20

Washington

$38,657.72

$40,953.54

$42,673.06

$47,985.72

$40,665.39

$40,665.39

Average

$40,560.99

$41,274.45

$36,906.46

$35,087.21

$39,174.72

$38,215.40

 

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Gender

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

 

Benton

1

1.2%

3

3.4%

4

2.4%

Crawford

3

3.7%

5

5.7%

8

4.7%

Franklin

0

0.0%

1

1.1%

1

0.6%

Johnson

0

0.0%

1

1.1%

1

0.6%

Madison

0

0.0%

0

0.0%

0

0.0%

Pope

1

1.2%

2

2.3%

3

1.8%

Sebastian

9

11.0%

6

6.9%

15

8.9%

Washington

2

2.4%

1

1.1%

3

1.8%

Subtotal

16

19.5%

19

21.8%

35

20.7%

Male

 

Benton

13

15.9%

9

10.3%

22

13.0%

Crawford

16

19.5%

15

17.2%

31

18.3%

Franklin

0

0.0%

2

2.3%

2

1.2%

Johnson

1

1.2%

3

3.4%

4

2.4%

Madison

2

2.4%

0

0.0%

2

1.2%

Pope

8

9.8%

5

5.7%

13

7.7%

Sebastian

19

23.2%

26

29.9%

45

26.6%

Washington

5

6.1%

6

6.9%

11

6.5%

Subtotal

64

78.0%

66

75.9%

130

76.9%

Unknown

 

Benton

1

1.2%

0

0.0%

1

0.6%

Sebastian

0

0.0%

3

3.4%

3

1.8%

Washington

1

1.2%

0

0.0%

1

0.6%

Subtotal

2

2.4%

2

2.3%

4

2.4%

 

Average Age of Head of Household

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

County

Average Age

Average Age

Average Age

Benton

30.6

29.2

29.9

Crawford

27.6

33.4

30.5

Franklin

0.0

33.3

33.3

Johnson

41.0

27.0

34.0

Madison

24.0

0.0

24.0

Pope

25.2

31.6

28.4

Sebastian

29.8

31.3

30.6

Washington

34.0

35.8

34.9

Average Age Head of Household CD3

30.3

31.7

30.7

 

Average Household Size

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

County

Average House Size

Average House Size

Average House Size

Benton

2.0

2.8

2.4

Crawford

2.3

2.3

2.3

Franklin

0.0

1.3

1.3

Johnson

3.0

2.5

2.8

Madison

3.0

0.0

3.0

Pope

2.2

2.3

2.3

Sebastian

2.4

2.5

2.5

Washington

3.1

2.3

2.7

Average House Size CD 3

2.6

2.3

2.7

 

American Dream Down Payment Initiative (ADDI) Program

General Statistics

 

Time Period

No. Loans

 

Dollar Amount

 

Mean Loan Amount

 

% of H2O Loans

07/2006 – 12/2006

17

$148,591.00

$8,740.65

6.6%

01/2007 – 06/2007

30

$173,259.81

$5,786.33

11.2%

Total FY2007

47

$321,850.81

$6,847.89

9.0%

 

Loan Cancellation Rate - Total FY2007:

45.3%

Loans by Homebuyer Counselor

 

 

7/1/06 - 12/31/06

1/1/07 - 6/30/07

TOTAL FY 2007

HOMEBUYER COUNSELOR

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

ARVAC, Inc.

 

Pope

1

$9,752.00

0

$0.00

1

$9,752.00

Sebastian

0

$0.00

1

$9,842.00

1

$9,842.00

Subtotal

1

$9,752.00

1

$9,842.00

2

$19,594.00

Crawford Sebastian CDC

 

Crawford

1

$10,000.00

7

$46,712.70

8

$56,712.70

Franklin

0

$0.00

1

$3,000.00

1

$3,000.00

Sebastian

9

$90,000.00

12

$65,710.00

21

$155,710.00

Subtotal

10

$100,000.00

20

$115,422.70

30

$215,422.70

EOA of Washington County

 

Benton

4

$24,392.00

3

$20,182.11

7

$44,574.11

Washington

2

$14,447.00

2

$6,393.00

4

$20,840.00

Subtotal

6

$38,839.00

5

$26,575.11

11

$65,414.11

Family Service Agency

Benton

0

$0.00

1

$3,874.00

1

$3,874.00

Universal Housing Development

Pope

0

$0.00

3

$17,546.00

3

$17,546.00

 

Loans by New / Existing

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY 2007

EXISTING OR NEW

COUNTY

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

 

 

Benton

3

$14,922.00

3

$15,839.00

6

$30,761.00

Crawford

1

$10,000.00

7

$46,712.00

8

$56,712.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Pope

1

$9,752.00

3

$17,546.00

4

$27,298.00

Sebastian

6

$60,000.00

7

$32,401.00

13

$92,401.00

Washington

2

$14,447.00

2

$6,393.00

4

$20,840.00

Subtotal

13

$109,121.00

22

$118,891.70

35

$228,012.70

New

 

Benton

1

$9,470.00

1

$8,217.11

2

$17,687.11

Crawford

0

$0.00

0

$0.00

0

$0.00

Franklin

0

$0.00

1

$3,000.00

1

$3,000.00

Pope

0

$0.00

0

$0.00

0

$0.00

Sebastian

3

$30,000.00

6

$43,151.00

9

$73,151.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

4

$39,470.00

8

$54,368.11

12

$93,838.11

 

Borrowers’ Profile

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

COUNTY

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

Benton

0

$0.00

1

$6,965.00

1

$6,965.00

Crawford

0

$0.00

2

$9,120.00

2

$9,120.00

Franklin

0

$0.00

0

$0.00

0

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

Sebastian

4

$40,000.00

5

$11,854.00

9

$51,854.00

Washington

0

$0.00

1

$2,425.00

1

$2,425.00

Subtotal

4

$40,000.00

9

$30,364.00

13

$70,364.00

Non-Minority

Benton

4

$24,392.00

3

$17,091.11

7

$41,483.11

Crawford

1

$10,000.00

5

$37,592.70

6

$47,592.70

Franklin

0

$0.00

1

$3,000.00

1

$3,000.00

Pope

1

$9,752.00

3

$17,546.00

4

$27,298.00

Sebastian

5

$50,000.00

8

$63,698.00

13

$113,698.00

Washington

2

$14,447.00

1

$3,968.00

3

$18,415.00

Subtotal

13

$108,591.00

21

$142,895.81

34

$251,486.81

 

 

 

7/1/2006 - 12/31/2006

1/1/2007 - 6/30/2007

TOTAL FY2007

ETHNICITY

COUNTY

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN  INCOME

MEDIAN INCOME

Minority

 

Benton

$0.00

$0.00

$32,604.00

$32,604.00

$32,604.00

$32,604.00

Crawford

$0.00

$0.00

$21,171.48

$21,171.48

$21,171.48

$21,171.48

Franklin

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Pope

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Sebastian

$21,024.36

$23,700.78

$28,009.63

$28,644.00

$24,516.99

$26,172.39

Washington

$0.00

$0.00

$18,221.88

$18,221.88

$18,221.88

$18,221.88

Average

$21,024.36

$23,700.78

$25,001.75

$25,160.34

$24,128.59

$24,542.44

Minority

Benton

$35,074.71

$34,898.22

$25,533.08

$22,980.00

$30,303.90

$28,939.11

Crawford

$24,552.00

$24,552.00

$29,559.31

$29,100.00

$27,055.66

$26,826.00

Franklin

$0.00

$0.00

$24,570.72

$24,570.72

$24,570.72

$24,570.72

Pope

$19,914.00

$19,914.00

$25,515.00

$23,177.64

$22,714.50

$21,515.82

Sebastian

$25,518.48

$27,540.00

$26,260.44

$27,991.20

$25,920.96

$27,765.60

Washington

$25,782.00

$25,782.00

$31,617.48

$31,617.48

$28,699.74

$28,699.74

Average

$26,168.24

$26,537.24

$27,176.01

$26,572.84

$26,544.25

$26,386.17

 

Gender of Head of Household

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Gender

County

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

 

Benton

2

11.8%

2

6.7%

4

0.1%

Crawford

1

5.9%

1

3.3%

2

0.1%

Franklin

0

0.0%

0

0.0%

0

0.0%

Pope

1

5.9%

0

0.0%

1

0.0%

Sebastian

8

47.1%

4

13.3%

12

0.3%

Washington

1

5.9%

1

3.3%

2

0.1%

Subtotal

13

76.5%

8

26.7%

21

0.6%

Male

 

Benton

2

11.8%

2

6.7%

4

0.1%

Crawford

0

0.0%

6

20.0%

6

0.4%

Franklin

0

0.0%

0

0.0%

0

0.0%

Pope

0

0.0%

3

10.0%

3

0.2%

Sebastian

1

5.9%

8

26.7%

9

0.6%

Washington

1

5.9%

1

3.3%

2

0.1%

Subtotal

4

23.5%

20

66.7%

24

1.4%

Unknown

 

Franklin

0

0.0%

1

3.3%

1

0.1%

Sebastian

0

0.0%

1

3.3%

1

0.1%

Subtotal

0

0.0%

2

6.7%

2

0.1%

 

Average Age of Head of Household

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

County

Average Age

Average Age

Average Age

Benton

30.6

29.2

29.9

Crawford

30.0

28.0

29.0

Franklin

0.0

54.0

54.0

Pope

38.0

21.3

29.7

Sebastian

31.8

33.4

32.6

Washington

35.0

23.0

29.0

Average Age CD 3

33.1

31.5

34.0

 

Average House Size

 

7/2006 - 12/2006

1/2007 - 6/2007

TOTAL FY 2007

County

Average House Size

Average House Size

Average House Size

Benton

2.0

2.8

2.4

Crawford

1.0

2.6

1.8

Franklin

0.0

3.0

3.0

Pope

2.0

2.3

2.2

Sebastian

2.7

3.1

2.9

Washington

1.5

1.5

1.5

Average House Size CD 3

1.8

2.6

2.3

 

TOTAL HOMEOWNERSHIP:

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$23,724,050.50

$24,303,491.66

$48,027,542.16

       

 

Homeownership – Congressional District 3

FACTS & INFERENCES

HomeToOwn

 

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Down Payment Programs (DPA & ADDI)

 

 

DPA

ADDI

Combined

Minority

Non-Minority

Minority

Non-Minority

Minority

Non-Minority

14.8%

85.2%

17.1%

82.9%

16.0%

84.0%

 

H2O, DPA & ADDI

 

This chart indicates that Males are more likely to be the primary mortgagor for the H2O and DPA Loans.   For ADDI loans, the split between Male and Female is more evenly distributed with Males having only a 4.3% advantage.

 

HOUSING PRODUCTION (HP)

Program Partners:

HOME Allocations / Board Approvals by Type

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Type

County

No. Units

Dollar Amount

No. Units

Dollar Amount

No. Units

Dollar Amount

Acquisition Rehab

 

Boone

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

8

$300,001.00

8

$300,001.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

0

$0.00

8

$300,001.00

8

$300,001.00

Homeowner Acquisition

 

Boone

0

$0.00

0

$0.00

0

$0.00

Crawford

0

$0.00

10

$400,000.00

10

$400,000.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

0

$0.00

10

$400,000.00

10

$400,000.00

Homeowner Rehab or Mortgage Subsidy

 

Boone

0

$0.00

0

$0.00

0

$0.00

Crawford

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Sebastian

2.5

$68,700.85

19

$125,000.00

21.5

$193,700.85

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

2.5

$68,700.85

19

$125,000.00

21.5

$193,700.85

Rental New Construction

 

Boone

0

$0.00

10

$400,000.00

10

$400,000.00

Crawford

2.5

$68,700.85

10

$125,000.00

12.5

$193,700.85

Johnson

0

$0.00

10

$400,000.00

10

$400,000.00

Newton

0

$0.00

0

$0.00

0

$0.00

Sebastian

0

$0.00

10

$400,000.00

10

$400,000.00

Washington

0

$0.00

0

$0.00

0

$0.00

Subtotal

2.5

$68,700.85

40

$1,325,000.00

42.5

$1,393,700.85

Tenant Based Rental Assistance

 

Boone

0

$0.00

50

$189,000.00

50

$189,000.00

Crawford

0

$0.00

0

$0.00

0

$0.00

Johnson

0

$0.00

0

$0.00

0

$0.00

Newton

0

$0.00

0

$0.00

0

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

Washington

0

$0.00

50

$270,927.00

50

$270,927.00

Subtotal

0

$0.00

100

$459,927.00

100

$459,927.00

FY2007 TOTAL

5

$137,401.70

177

$2,609,928.00

182

$2,747,329.00


Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)

County

No. Units

Federal Fund Dollar Amount

State Funds Dollar Amount

Total Dollar Amount

Boone

40

$309,011.00

$0.00

$309,011.00

Crawford

24

$132,022.00

$0.00

$132,022.00

Johnson

38

$400,000.00

$0.00

$400,000.00

Newton

29

$208,337.00

$0.00

$208,337.00

Sebastian

45

$400,000.00

$0.00

$400,000.00

FY 2007 TOTAL CD 3

176

$1,449,370.00

$0.00

$1,449,370.00

 

Multifamily Housing Bonds

No Multifamily Housing Bond  Program Activity FY2007

 

TOTAL HOUSING PRODUCTION:

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$137,401.70

$4,059,298.00

$4,196,699.70

       

 

Housing Production – Congressional District 3

FACTS & INFERENCES

 

 

DEVELOPMENT FINANCE

 

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

Type

County

No. Projects

Dollar Amount

No. Projects

Dollar Amount

No. Projects

Dollar Amount

Average Per Unit

Bond Guaranty

 

Benton

0

$0.00

0

$0.00

0

$0.00

$0.00

Boone

0

$0.00

0

$0.00

0

$0.00

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

$0.00

Subtotal

0

$0.00

0

$0.00

0

$0.00

$0.00

Higher Education Facilities

 

Benton

0

$0.00

1

$4,000,000.00

1

$4,000,000.00

$4,000,000.00

Boone

0

$0.00

1

$2,800,000.00

1

$2,800,000.00

$2,800,000.00

Carroll

0

$0.00

0

$0.00

0

$0.00

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

$0.00

Pope

0

$0.00

1

$6,753,892.00

1

$6,753,892.00

$6,753,892.00

Sebastian

0

$0.00

1

$4,000,000.00

1

$4,000,000.00

$4,000,000.00

Washington

0

$0.00

2

$16,200,000.00

2

$16,200,000.00

$8,100,000.00

Subtotal

0

$0.00

6

$33,753,892.00

6

$33,753,892.00

$5,625,648.67

Other

 

Benton

0

$0.00

1

$1,575.00

1

$1,575.00

$1,575.00

Boone

3

$5,670.00

4

$2,365.29

7

$8,035.29

$1,147.90

Carroll

1

$454.50

0

$0.00

1

$454.50

$454.50

Madison

1

$1,300,000.00

0

$0.00

1

$1,300,000.00

$1,300,000.00

Pope

0

$0.00

1

$10,000,000.00

1

$10,000,000.00

$10,000,000.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

$0.00

Subtotal

5

$1,306,124.50

6

$10,003,940.29

11

$11,310,064.79

$1,028,187.71

Safe Drinking Water Revolving Loan Fund

 

Benton

0

$0.00

0

$0.00

0

$0.00

$0.00

Boone

0

$0.00

0

$0.00

0

$0.00

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

$0.00

Subtotal

0

$0.00

0

$0.00

0

$0.00

$0.00

State Facilities Financing

 

Benton

0

$0.00

0

$0.00

0

$0.00

$0.00

Boone

0

$0.00

0

$0.00

0

$0.00

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

$0.00

Subtotal

0

$0.00

0

$0.00

0

$0.00

$0.00

Wastewater Revolving Loan Fund

 

Benton

0

$0.00

0

$0.00

0

$0.00

$0.00

Boone

0

$0.00

0

$0.00

0

$0.00

$0.00

Carroll

0

$0.00

0

$0.00

0

$0.00

$0.00

Madison

0

$0.00

0

$0.00

0

$0.00

$0.00

Pope

0

$0.00

0

$0.00

0

$0.00

$0.00

Sebastian

0

$0.00

0

$0.00

0

$0.00

$0.00

Washington

0

$0.00

0

$0.00

0

$0.00

$0.00

 

0

$0.00

0

$0.00

0

$0.00

$0.00

 

DEVELOPMENT FINANCE:

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$1,306,124.50

$45,757,832.29

$47,063,956.79

       

 

Development Finance – Congressional District 3

FACTS & INFERENCES

 

 

OTHER PROGRAM(S)

 

Rehab / Disability Loan Program

 

7/2006 - 12/2006

1/2007 - 6/2007

FY2007 TOTAL

County

No. Loans

Dollar Amount

No. Loans

Dollar Amount

No. Loans

Dollar Amount

Average Per Unit

Pope

1

$4,566.00

0

$0.00

1

$4,566.00

$4,566.00

Sebastian

0

$0.00

1

$700.00

1

$700.00

$700.00

FY2007 Total CD3

1

$4,566.00

1

$700.00

2

$5,266.00

$2,633.00

 

TOTAL FUNDS FOR

congressional district 3

 

07/2006 – 12/2006

01/2007 – 06/2007

Total FY2007

$25,172,142.70

$74,121,132.95

$99,293,464.65

 

All Programs – Congressional District 3

FACTS & INFERENCES

 

 

 

 

Time Period

 

Homeownership Funds

Housing Production Funds

 

Development Finance Funds

 

 

Other Funds

 

 

Total Funds

7/2006 – 12/2006

$23,724,050.50

$137,401.70

$1,306,124.50

$4,566.00

$25,172,142.70

1/2007 – 6/2007

$24,303,491.66

$4,059,298.00

$43,757,832.29

$700.00

$74,121,321.95

Total FY2007

$48,027,542.16

$4,196,699.70

$45,063,956.79

$5,266.00

$99,293,464.65

 

48.4%

4.2%

45.4%

0.1%

 

 

Congressional District 3 received 30.8% of ADFA’s available funds in FY2007.    These funds are only part of the impact ADFA’s Homeownership, Housing Production, Development Finance and Other Programs had on the economy of the counties in Congressional District 3.   There are many other ways (direct, indirect and induced) these funds benefited the 12 counties.   For more information and analyses, please contact Judy Brummett at the address on the first page of the Statewide section.

 

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